AceTraderFx: Intra-Day Market Moving News & Views & data to be released today

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AceTraderFx Jul 31: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
31 Jul 2017 02:50GMT

EUR/USD - 1.1738.. Euro pared Friday's gain in fairly subdued Asian trading on Monday after intra-day rally from 1.1672 (Asia) to 1.1763 in post-GDP New York morning.
Looks like market lacks conviction to re-test last Thursday's 29-month peak at 1.1777 and further sideways move would be seen before prospect of another rise.

Offers are tipped at 1.1760/70 with stops above 1.1780, more stops are reported above 1.1800.
Bids are noted at 1.1735-25 with stops below 1.1700.

Pay attention to German retail sales at 06:00GMT, then Italy's unemployment, the same froim the EU, EU and then Italy's preliminary CPI.
A piece of weekend news on Saturday (refer to 10:00GMT update for details) worth noting, ECB governing council member Sabine Lautenschlaeger said in a newspaper interview published on Sat the ECB should start thinking about how it wants to return to normal monetary policy and when it wants to wind down it bond purchases.

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AceTraderFx Aug 01: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
01 Aug 2017 04:00GMT

USD/JPY - 110.11.. Dlr gained no respite on hectic Asian trading after falling to a fresh 6-week trough of 110.22 in New York afternoon due to broad-based usd's weakness.

Despite staging a minor bounce to 110.42 in early Tokyo morning, renewed broad-based yen-buying knocked price lower to intra-day low at 110.01, suggesting recent decline would resume after minor consolidation n stops below 109.95 are now in focus.
Offers are tipped at 110.40/45 and more above with stops above 110.80.
Bids are noted at 110.00 and more stops are touted below 109.60, suggesting selling the greenback is the way to go.

Pay attention release of a slew of U.S. data in the day starting with June personal spending, personal income personal consumption expenditure, Redbook sales, July Markit mfg PMI, ISM mfg PMI and June construction spending.
If July PMIs come in weaker than forecast, expect another round of usd selling.

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AceTraderFx Aug 02: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
02 Aug 2017 04:50GMT

USD/JPY - 110.53.. Dlr finally cut recent losing streak and made modest gain in Asian trading after hitting a fresh 6-week low of 109.93 in New York morning on Tue after soft U.S. data and falling Treasury yields, however, broad-based rebound in the greenback in New York afternoon session lifted the buck and price met renewed buying earlier at 110.31 in Australia and climbed steadily to 110.59.

Looks like a temp. bottom gas been made and consolidation is in store, bids are noted at 110.30-20 and more below with stops below 109.90.
Offers are tipped at 110.55/60 and more above with stops reported above 110.80, more stops are touted above 111.00.

Ahead of Friday's key U.S. NFP, pay attention to release of ADP private payrolls, market forecast for July is for a increase of 185K in jobs, a higher number may give usd a temp. boost or another bashing if it comes in much lower then expectation.
After that, we have ISM New York index. Cleveland Fed President will speak at 15:00GMT followed later by S. Francisco Fed President Williams at 19:30GMT.

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AceTraderFx Aug 03: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
03 Aug 2017 03:30GMT

USD/JPY - 110.65.. Dlr went through a roller-coaster rise in Wed's volatile trading.
Price rose from 110.31 (AUS) on broad-based yen selling to 110.92 in Asia, then hit session highs of 110.98 in early New York trading.
Dovish comments by St. Louis Fed President Bullard sent U.S. Treasury yields lower n in turn knocked the pair to as low as 110.29, however, usd's broad-based rebound on short covering lifted price back to 110.76 and dlr climbed back to 110.83 at Tokyo open before easing as U.S. yields edged lower.

Looks like 'range trading' would be the order of the day after Wed's wild swings but as 110.00 handle has held, expect more dlr short covering to take place ahead of Friday's keu NFP.
Bids are noted at 110.55-45 and more below with stops below 110.20, more stops are touted below 109.90.
Offers are tipped at 110.80/00 area with fairly large stops reported above there.

U.S. will release a slew of eco. data starting with weekly jobless claims, Markit servcies PMI, ISM non-mfg PMI and factory orders.

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AceTraderFx Aug 04: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
04 Aug 2017 02:36GMT

USD/JPY - 110.10.. Dlr rises above 110.00 after initial marginal weakness below Thursday's 7-week trough of 109.87 hit near New York close to 109.85 at Tokyo open.

Traders cited buying by on bargain hunting by Japanese importers, suggesting range trading is in store in Asia and possibly during European morning as market eagerly awaits release of key U.S. jobs report which will probably dictate usd's price movement in the coming week.
Having said that, intra-day fall in U.S. Treasury yields where the benchmark 10-year has hit a 1-month low at 2.218% yesterday should prevent strong gain.

Offers are tipped at 110.20/30 with stops above 110.50.
Bids are noted at 109.90-85 with stops below 109.60.

U.S. will release the blockbuster NFP (forecast for July is 183K increase in jobs vs previous reading of 222k) at 12:30GMT, traders will also look at average hourly earnings (MoM) for inflation outlook, unemployment rate, trade balance, then later Dallas Fed PCE.

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AceTraderFx Aug 07: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
07 Aug 2017 03:03GMT

USD/JPY - 110.72.. Dlr in holding pattern in subdued trading on Monday following last Friday's rally from a fresh 7-week low of 109.85 (Asia) to as high as 111.05 following robust U.S. jobs report and bullish economic prospect of U.S. corporate tax reform which led to a rise in U.S. Treasury yields.

Current firmness in U.S. yields n with the N225 index trading above the 20,000 level should boost risk appetite and buying on dips is therefore favoured.
Bids are noted at 110.65/55 with stops below 110.45, some offers are tipped at 111.00/05 with stops above there, more stops are reported above 111.30.

Although no eco. data is due out after Friday's release of key jobs data, pay attention to speeches by 2 Fed officials later today starting with St. Louis President Bullard (non-voter) who will give a presentation the U.S. economy and monetary policy before the America's Cotton Marketing Cooperatives 2017 Conference at 15:45GMT and then Minneapolis President Kashkari (voter) who will participate in a moderated question-and-answer session at a Sioux Falls Rotary Club event at 17:25GMT.

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AceTraderFx Aug 10: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
10 Aug 2017 03:15GMT

USD/JPY - 110.07.. Dlr gained respite in relatively subdued Asian trading on Thur following yesterday's wild swings.

Although price fell in Australia on Wednesday from 110.37 to a fresh 7-week low of 109.56 at New York open, rebound in U.S. Treasury yields lifted the pair to 110.16 before retreating to 109.76.
Price later ratcheted higher near the close and climbed to 110.18 today on renewed cross-selling in yen as tension on North Korea eased a bit but intra-day statement by S. Korean military n Japan's Defence Minister (see early update) reminded market tension still remains.

Range trading is expected until European open with offers at 110.10/20 with stops above 110.25.
Bids are noted at 109.90/80 with stops reported below 109.50.

U.S. will release fairly important PPI data (ahead of Fri's key CPI) at 12:30GMT n later Fed budget.

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AceTraderFx Aug 14: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
14 Aug 2017 02:35GMT

USD/JPY - 109.37.. Despite extending recent decline to a near 4-month trough of 109.74 in New York morning after tepid U.S. inflation data, dlr met renewed buying earlier in New Zealand at 109.02 and climbed in Tokyo trading to 109.44 due to buying by Japanese names (importers) on bargain hunting.

Looks like consolidation above said temp. low would continue with mild upside bias on a slight easing of U.S.-N.Korean tension (see w/end updates for details).
Bids are noted at 109.10-00 and more below with stops reported below 109.70.
Offers are tipped at 109.45/55 with stops above 109.60.

After Frdayi's key U.S. inflation data, no eco. data is due out from the U.S. today, so fund flow would have a strong influence in intra-day price swings.

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AceTraderFx Aug 15: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views

15 Aug 2017 05:05GMT

USD/JPY - 110.20.. The greenback stands tall in active Asian trading due to return of risk appetite, leading to broad-based active yen selling as threat of an imminent conflict between U.S. and North Korea dissipated after North Korean official news agency KCNA announced in Australian morning North Korea leader Kim will watch the actions of the U.S. for a while before making a decision and WSJ reported North Korean leader Kim Jong Un has decided not to launch a threatened missile attack on Guam.

In fact, the pair was bid in New York afternoon following hawkish comments by Fed's Dudley (see early update) and usd buying emerged ahead of Tokyo open n sent price jumping above Monday's high, price rallied to 110.23 after tripping stops above 109.85, then above 110.00.
Current firmness suggests dlr still has legs to move higher and some stops above 110.25 are in focus, therefore, buying the buck on dips is the way to go as European traders may well buy the usd in reaction to Dudley's comments and the easing of U.S.-N. Korea tensions.

Bids are noted at 110.00, then 109.80 with stops below 109.40.
There is a mixture of offers and stops at 110.25/30.

U.S. will release a slew of eco. data, pay attention to Jul retail sales, import n exports data, NY Empire State mfg index, Redbook retail sales, business inventories n NAHB Housing Market index. If U.S. retail sales come in stronger than estimate, then usd will get a extra lift n move higher further, if not, this'll represent an opportunity to buy dlr at lower levels.

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AceTraderFx Aug 17: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
17 Aug 2017 03:25GMT

USD/JPY - 109.92.. The pair remained on the back foot in hectic Asian trading following yesterday's intra-day selloff which began in early New York afternoon when Trump announced he was dismantling the manufacturing council, soon afterward, another strategic and advisory group was also disbanded. Dollar's intra-day fall continued after release of dovish Fed minutes and hit session lows o 110.04 after tripping stops below 110.40.

Despite initial calmness in Australia earlier Thur, sellers emerged n knocked price below 110.00, dlr fell to 109.67 after triggered more selloff stops along the way. Intra-day short covering rebound ahead of Tokyo lunch session suggests range trading is in store until European open and the greenback is likely to face another round of selling from European traders, selling the pair on recovery is therefore favoured.
Offers are tipped at 110.00 and more at 110.20/25 with stops above 110.40.
Some bids are noted at 109.70-60 with stops below 109.40.

U.S. will release a slew of eco. data later today starting with weekly jobless claims, Philly Fed survey, capacity utilisation, industral n manufacturing output n leading indicators.
Last but not least, Dallas Fed President Kaplan (voter) will participate in a moderated Q&A session at the "Dialogue with the Dallas Fed" at 17:00GMT, then Minneapolis Fed President Kashkari (voter) will participate in a moderated Q&A session at 17:45 GMT.

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